Tag Archives: Ascott Limited

The Ascott Limited (Ascott), the world’s largest serviced residence owner-operator, continues to roll out its expansion portfolio in Saudi Arabia by announcing a new signing that will join its growing portfolio — Citadines Al Aziziyah Al Khobar. The property is set to open in late 2021 and will be Ascott’s seventh residence in the kingdom, and its third in the city of Al Khobar. The 92-unit residence is currently under construction on King Khalid Road in the popular Al Aziziyah district to the south of the city. The location benefits from convenient transport links: King Khalid Road itself is the city’s main arterial highway, while the nearby King Fahd Causeway links Saudi Arabia with Bahrain. Dammam railway station is a short drive away and connects the Eastern Province to the Saudi capital, Riyadh. When operational, Citadines Al Aziziyah Al Khobar will feature 36 studio apartments, 25 one-bedroom apartments and 30 two-bedroom apartments, as well as a 157 sq.m. penthouse. Facilities will include a residents’ lounge, swimming pool and gym, and a three-storey adjacent car park for visitors’ use. Guests will also be within easy reach of the neighbourhood’s public beaches, restaurants, shops and recreational facilities, including Half Moon Bay and Al Khobar Corniche. “We are very pleased to announce details of our latest serviced residence in Saudi Arabia in partnership with Nebras Tourism Company,” said Vincent Miccolis, Ascott’s Regional GM for Middle East, Africa and Turkey. “In the four years since we launched our first property in KSA we’ve established a market-leading presence with an expanding portfolio of international-standard properties in key destinations.” Al Saggaf, General Manager of Nebras Tourism Company, said, “We are delighted to partner with the Ascott …

Spectrums Residence, the new 69-unit residence is located on Prince Sultan Road in the Al Salamah district, near shopping malls, schools, entertainment parks and hospitals, making it the perfect location for family living. Close to amenities that support business services, this is also an ideal location for business travelers looking for flexible pricing options. The Ascott Limited (Ascott) is expanding its presence in Jeddah with the opening of Spectrums Residence. It will be the fourth property, a local that complements the Ascott Sari, Ascott Tahlia and Citadines Al Salamah Jeddah. “We are honoured to have the opportunity to manage Spectrums Residence, which complements our existing properties in Jeddah. With a fourth property in the city, Ascott has strengthened its position as the leading international serviced residence operator in Jeddah” says Vincent Miccolis, Ascott’s Country General Manager, Middle East & Turkey. Residents can choose from a range of furnished two-bedroom apartments, each of which has separate living, dining, kitchen and work areas. The property features 24-hour reception, housekeeping services, breakfast room, gymnasium, children’s playroom, prayer rooms and smoking lounge. The property also offers meeting and events facilities as well as complimentary parking on-site and easy access to the property.

The Ascott Limited (Ascott) will manage another Citadines-branded property located in central Al Khobar in the Eastern Province of the Kingdom of Saudi Arabia (KSA).  Citadines Al Khobar will comprise 54 one-bedroom apartments with various layouts. Managed and operated by Ascott, facilities will include a breakfast area, residents’ lounge and fully equipped gym, making it an excellent choice for accommodation amongst business and leisure travellers. “We are delighted to have signed an agreement to manage Citadines Al Khobar,” commented Vincent Miccolis, Ascott’s Country General Manager of Middle East & Turkey. “KSA remains a highly significant growth market and this latest signing will not only expand our presence in KSA but also reinforces our leadership position in the Middle East.” “Citadines Al Khobar is the third property, together with Citadines Abha and Somerset Al Khobar, that we will be working with developer AREIC (the real estate arm of Al Mutlaq Group) and we are pleased to strengthen our partnership with them.” Citadines Al Khobar is situated in central Al Khobar, in a highly sought after location between King Salman and Prince Fawaz streets on the 4th main street in Al Khobar Al Shamaliah, which offers numerous dining, shopping and leisure options.